This analysis critically reviews the status quo of private sector support in the GCF several years into the Fund’s full operationalization finding that the dividing line between “private” and “public” GCF finance often remains unclear. This review by civil society observers to the GCF comes at a time when the effectiveness and future of the GCF’s existing private sector engagement strategy are under internal review.
In this time of triple crises, with intersecting impacts from the pandemic, the climate emergency, and persistent economic inequality, the global community and its leaders face a “Kairos moment” – a turning point at a critical time for action. The choice is whether to continue with failed policies that have brought the world to this perilous juncture or to retool global economies and systems. Imaginative and transformative approaches could address climate change and other environmental, health, and social threats, based on equity and justice, including gender-equitable access to sustainable finance.
